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Jan 14, 2013
01/13
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economy to grow 2.5% this year. we'll have more on that coming up. also roll out the red carpet it is award season in holly world. film and television stars were honored. we'll show you the best moments of the ceremony in a live report from los angeles. >>> the first of its kind event is getting ready take place in marin county. we'll tell you about that. >>> and a berkeley man is recovering after fire breaks out inside his apartment. we'll tell you what some of his neighbors say may have saved his life. droid dna augmentation initiated. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolving with beats audio. wireless charging activated. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. that's been wrapped in a flaky crust stuffed with a gooey center toasted up all go
economy to grow 2.5% this year. we'll have more on that coming up. also roll out the red carpet it is award season in holly world. film and television stars were honored. we'll show you the best moments of the ceremony in a live report from los angeles. >>> the first of its kind event is getting ready take place in marin county. we'll tell you about that. >>> and a berkeley man is recovering after fire breaks out inside his apartment. we'll tell you what some of his neighbors...
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Jan 19, 2013
01/13
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KTVU
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boxer said gun safety and the economy are front burner issues, but she'd like to see action on two other issues she believes are especially critical to california, climate change and immigration reform. >>> hundreds of thousands of people are expected in the nation's capital monday for president obama's inauguration. coming up the rush for tickets and the distance some people traveled to be part of history. >>> undergraduate applications to the university of california's nine campuses have taken a big jump this year. nearly 175,000 high school seniors and transfer students have applied for admission next fall, an increase of 8.6% from last year partly driven by a surge in applications from outside california. >>> the tsa is changing the kind of full body scanners used at san jose and oakland airports. it's going to stop using the scanners that show an image that looks like a naked body in the coming months and switch to a different brand that produces a generic image like an avatar. sfo uses the avatar type full body scanners. the naked body types generated numerous complaints about inva
boxer said gun safety and the economy are front burner issues, but she'd like to see action on two other issues she believes are especially critical to california, climate change and immigration reform. >>> hundreds of thousands of people are expected in the nation's capital monday for president obama's inauguration. coming up the rush for tickets and the distance some people traveled to be part of history. >>> undergraduate applications to the university of california's nine...
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Jan 15, 2013
01/13
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. >> reporter: he said if washington fails to act on the debt creel, the national economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if it has dropped. >>> it doesn't look like survivors who filed lawsuits against pg & e are for the deadly san bruno explosion will go to trial. during a hearing in san mateo county superior court today, attorneys said they have come up with a process that should take about 90 days to settle the remaining legal claims. about 320 residents filed suit, and so far mediation efforts have netted settlements for some 120 plaintiff. >>> family members and politicians are calling for more resources to prevent military suicide as the number of suicides last year surged. numbers obtained from the pentagon show there were 349 suicides by service men and women in 2012. that's almost one a day, and also 48 mor
. >> reporter: he said if washington fails to act on the debt creel, the national economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if it has dropped. >>> it doesn't look like survivors who filed lawsuits...
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Jan 17, 2013
01/13
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KGO
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last year and stock prices fell today when the world bank warned washington debt battle could put the economy at rigs being. boeing fell 2% in after hours trading after faa grounded dream liners. and apple stock went up 4%. >> a veteran actor spent golden years here in the bay area has died. he was best known for the role in "diff'rent strokes", playing a wealthy white widower raising two sons of his african american housekeeper. a native of canada he had a long career in the movies and stage a cording to his daughter he died at home in livermore. conrad bain >>> a coalition of consumer groups is asking the federal government to take a look at the lending practices of san francisco based wells fargo bank. >> that is right. they're concerned about a program they claim is like a pay day loan product. >> michael finney is here now with a story of a woman comparing her experience to a debt trap. >> yes this, wells fargo prefers to call the program a direct deposit advance, charging 1 path $50 for every $20 borrowed. your loan must be paid in full when the next check arrives. the fee on the loan i
last year and stock prices fell today when the world bank warned washington debt battle could put the economy at rigs being. boeing fell 2% in after hours trading after faa grounded dream liners. and apple stock went up 4%. >> a veteran actor spent golden years here in the bay area has died. he was best known for the role in "diff'rent strokes", playing a wealthy white widower raising two sons of his african american housekeeper. a native of canada he had a long career in the...
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Jan 18, 2013
01/13
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KRON
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it was released today and santa clara county has the top ranked economy in the nation. in 2011, the south bay was a distant 51st in the country. the san francisco, san mateo, marin region is lumped together and was rated number 36 in the country - up from 57 in 2011. and the east bay is number 155 - up from 168 a year ago. the santa monica based the study. it indicates the south bay claimed the top spot thanks technology industry. >> jacqueline: 60s expected for the weekend in several locations with upper 60s a look outside at the satellite and radar with this area of high pressure. it is driving the storm will to the north. not much rain for the next several days in fact, blue skies and warmer conditions. tomorrow, still chilly. 29 in napa santa rosa. for fairfield, also the 20's and 30's in concord, pleasanton but opera 30's for the bay shore and the south day. 43 in san francisco. 60s in the south bay in cupertino, campbell, milpitas. more low 60s for the inland valleys. 60s in concord, livermore and also 60s for the east bay shore. overall, not three like january. t
it was released today and santa clara county has the top ranked economy in the nation. in 2011, the south bay was a distant 51st in the country. the san francisco, san mateo, marin region is lumped together and was rated number 36 in the country - up from 57 in 2011. and the east bay is number 155 - up from 168 a year ago. the santa monica based the study. it indicates the south bay claimed the top spot thanks technology industry. >> jacqueline: 60s expected for the weekend in several...
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Jan 15, 2013
01/13
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KICU
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. >> reporter: he said if washington fails to act on the debt creel, the national economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if it has dropped. >>> it doesn't look like survivors who filed lawsuits against pg & e are for the deadly san bruno explosion will go to trial. during a hearing in san mateo county superior court today, attorneys said they have come up with a process that should take about 90 days to settle the remaining legal claims. about 320 residents filed suit, and so far mediation efforts have netted settlements for some 120 plaintiff. >>> family members and politicians are calling for more resources to prevent military suicide as the number of suicides last year surged. numbers obtained from the pentagon show there were 349 suicides by service men and women in 2012. that's almost one a day, and also 48 mor
. >> reporter: he said if washington fails to act on the debt creel, the national economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if it has dropped. >>> it doesn't look like survivors who filed lawsuits...
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Jan 16, 2013
01/13
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KICU
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wal-mart's president says hiring 100,000 vets over the next five years will help jump start the economy. >> about everybody here started in an entry level job, i did. >> reporter: but elmer who works with returning veterans says wal-mart might include extending the officer including all veterans not just the ones coming home now. >> it's a great way to honor their service. i don't think veterans should have to fight for a job. >> reporter: wal-mart is often criticized for its low paying jobs and treatment of workers. today's announcement will likely help the company's imagine. >>> new at 10:00 tonight an armed robbery inside an east bay home improvement store it happened shortly after 7:00 tonight at the home depot in san leandro on davis street. two men one armed with a handgun held up a cashier. there's no word on how much cash was taken. one person fainted and was taken to the hospital. no one saw the man leave so there's no description of the man. >>> sheriff's deputies found a car parked across from the sonoma state campus in santa rosa last night. deputies say they recognized the
wal-mart's president says hiring 100,000 vets over the next five years will help jump start the economy. >> about everybody here started in an entry level job, i did. >> reporter: but elmer who works with returning veterans says wal-mart might include extending the officer including all veterans not just the ones coming home now. >> it's a great way to honor their service. i don't think veterans should have to fight for a job. >> reporter: wal-mart is often criticized...
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Jan 16, 2013
01/13
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KTVU
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wal-mart's president says hiring 100,000 vets over the next five years will help jump start the economy. >> about everybody here started in an entry level job, i did. >> reporter: but elmer who works with returning veterans says wal-mart might include extending the officer including all veterans not just the ones coming home now. >> it's a great way to honor their service. i don't think veterans should have to fight for a job. >> reporter: wal-mart is often criticized for its low paying jobs and treatment of workers. today's announcement will likely help the company's imagine. >>> new at 10:00 tonight an armed robbery inside an east bay home improvement store it happened shortly after 7:00 tonight at the home depot in san leandro on davis street. two men one armed with a handgun held up a cashier. there's no word on how much cash was taken. one person fainted and was taken to the hospital. no one saw the man leave so there's no description of the man. >>> sheriff's deputies found a car parked across from the sonoma state campus in santa rosa last night. deputies say they recognized the
wal-mart's president says hiring 100,000 vets over the next five years will help jump start the economy. >> about everybody here started in an entry level job, i did. >> reporter: but elmer who works with returning veterans says wal-mart might include extending the officer including all veterans not just the ones coming home now. >> it's a great way to honor their service. i don't think veterans should have to fight for a job. >> reporter: wal-mart is often criticized...
SFGTV: San Francisco Government Television
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Jan 19, 2013
01/13
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SFGTV
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what would you like to change about the city's approach to developing the economy? supervisor chu: in some aspects, our economic development is on the right track. if you take a look at some of the successes -- mission bay, for example, has been a success where we have been able to attract biotech corporations to come and headquartere in the city. we are currently building a hospital, and there are a lot of research institutions, and i think that will be a great anchor for the city. the city has worked closely with contractors to figure out how we can do hiring locally. this is through our citybuild program where we help individuals gain the skills needed to work in construction jobs. we have a number of big projects that are really generating the job growth and place for people to be working. so i think that in terms of the pace and number of projects that we have, in terms of identifying some key sectors to attract, in terms of providing rebates for films to come and fill in san francisco and generate additional moneys -- that is something that is a movement in th
what would you like to change about the city's approach to developing the economy? supervisor chu: in some aspects, our economic development is on the right track. if you take a look at some of the successes -- mission bay, for example, has been a success where we have been able to attract biotech corporations to come and headquartere in the city. we are currently building a hospital, and there are a lot of research institutions, and i think that will be a great anchor for the city. the city...
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Jan 15, 2013
01/13
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this debt ceiling battle in washington and if congress does not act on the debt ceiling, the national economy could fall and that would have a negative affect on california's budget numbers. they revealed a budget surplus in many years and that's thanks to a new tax revenue from proposition 30 as well as spending cuts. >>> the social media is buzzing about a possible announcement by facebook. janine de la vega joins us now from menlo park with more on a mystery event that is going to take place in just a few hours, good morning. >> reporter: good morning pam, we did see several news vehicles and as the morning goes on the area is expected to fill up and that's because at 10:00 a.m. facebook is anticipating a news conference to unveil something. we don't know what that something is just yet but they say come see what we are building. most people agree they are not talking about an actual building even though they are expanding their campus. some analysts are shooting down the idea of a phone because mark zuckerberg said a phone does not make sense. facebook is his top pry yourty and -- priorit
this debt ceiling battle in washington and if congress does not act on the debt ceiling, the national economy could fall and that would have a negative affect on california's budget numbers. they revealed a budget surplus in many years and that's thanks to a new tax revenue from proposition 30 as well as spending cuts. >>> the social media is buzzing about a possible announcement by facebook. janine de la vega joins us now from menlo park with more on a mystery event that is going to...
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Jan 14, 2013
01/13
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. >> this is one of her pedestrian projects based on the fact that tech is part of california's economy. last year she created something called privacy enforcement and protection units in the attorney general's office and this is lawyers specifically designated to look into online privacy issues. also last month, the attorney general sued delta because their fly delta app was collecting names, e-mails, and for flyer mile information without a privacy policy. so basically this report that she came out with on friday could be entitled, how not to get sued like delta. if they are found guilty of violating the privacy protection act, they could suffer $2,500 in fines per violation. so that can be a ton of money based on the number of people that use the apps. >> that's a whole new frontier? >> reporter: it is. one more thing. [ inaudible ] >> whatever. >> especially before you go with the practical effect. >> there are going to be pop- ups that you will be able to pay attention to or not. most of us are going to not. having said that, a lot of the app makers are angry that they are going to
. >> this is one of her pedestrian projects based on the fact that tech is part of california's economy. last year she created something called privacy enforcement and protection units in the attorney general's office and this is lawyers specifically designated to look into online privacy issues. also last month, the attorney general sued delta because their fly delta app was collecting names, e-mails, and for flyer mile information without a privacy policy. so basically this report that...
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Jan 15, 2013
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. >> the increase in riders ship for bart is due to the improving economy and high gas prices bart riders ship has skyrocketed more than 366 366,000 passengers each weekday last year. this year 391,000 per week day. >> the san francisco police department released a sketch of a man who attacked in the mission district-- at tacked a woman . >> the sketch of a suspect, to to sexually assault a 31 year old woman back in january 6th. >> just before 3 in the morning, the woman was walking down to their street for church, when a man lunged at her grabbing her head bring to the ground. >> he described as an asian or hispanic male, 25 years of age, with the buzz haircuts and is light beard. >> the san mateo county narcotics task force arrested a man who officials say is suspected of selling illegal firearms out of his house and car. >> police arrested antonio infante that is all on spears avenue on friday. >> he is a convicted felon, which prohibits them from owning a firearm. >> police recovered to revolvers, one semi- automatic handgun and and sks assault rifle. that is what you're looking at he
. >> the increase in riders ship for bart is due to the improving economy and high gas prices bart riders ship has skyrocketed more than 366 366,000 passengers each weekday last year. this year 391,000 per week day. >> the san francisco police department released a sketch of a man who attacked in the mission district-- at tacked a woman . >> the sketch of a suspect, to to sexually assault a 31 year old woman back in january 6th. >> just before 3 in the morning, the woman...
SFGTV: San Francisco Government Television
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Jan 20, 2013
01/13
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SFGTV
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the majority of it came from the general fund baseline, which you know, because the economy improved, we received additional general fund monies. and we also received significant more additional federal and state grants. those are our two largest increases in state revenue. we also got $16 million from fares and parking meters, a combination -- mostly due to our annual fare increases that we now have established a policy on and the fact that we are getting more money from parking meter because of our new technology. to offset the increase in revenue of $6 1 million we saw an increase in expenditures of $54 million and mostly in the personnel services and repairs and maintenance cost line items. so we change our from $7 million in the prior year. here is a picture of our bloat, which gives you a sense of our assets and liabilities. our assets went up $225 million from the prior year. the majority of it is in higher revenues and investment of capital assets. we shows decreases because debt service were decreased because as you know we resised es reissued debt. we had increases in other
the majority of it came from the general fund baseline, which you know, because the economy improved, we received additional general fund monies. and we also received significant more additional federal and state grants. those are our two largest increases in state revenue. we also got $16 million from fares and parking meters, a combination -- mostly due to our annual fare increases that we now have established a policy on and the fact that we are getting more money from parking meter because...
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Jan 17, 2013
01/13
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in stores had traces of horse meat threatening to undermine the beef industry central to the rural economy of ireland. one burger tested was 33 percent horse meat. >> you heard jimmy joking about the flu season, though, really is in high gear and doctors are urging everyone to get a flu shop. why pregnant women concerned about the vaccine safety can breathe easier. >> and the body-hugging jeans with a twist, the denim that leaves you with a boost long after you have taken them off and silky >> across the country, president obama's proposed ban on new assault weapons and high capacity clips has struck a nerve among those who make the laws and those who enforce them. recently, lawmakers in texas, wyoming, missouri, and tennessee have rushed to introduce legislation to preempt the president's proposal. sheriffs in oregon and kentucky are refusing to enforce any new gun laws but the power to defy federal law are limited and the rhetoric is simply political posturing. >> if you drink a popular juice to prevent health disease or treat prostate cancer, the federal trade commission says you could
in stores had traces of horse meat threatening to undermine the beef industry central to the rural economy of ireland. one burger tested was 33 percent horse meat. >> you heard jimmy joking about the flu season, though, really is in high gear and doctors are urging everyone to get a flu shop. why pregnant women concerned about the vaccine safety can breathe easier. >> and the body-hugging jeans with a twist, the denim that leaves you with a boost long after you have taken them off...
SFGTV: San Francisco Government Television
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Jan 19, 2013
01/13
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SFGTV
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the majority of it came from the general fund baseline, which you know, because the economy improved, we received additional general fund monies. and we also received significant more additional federal and state grants. those are our two largest increases in state revenue. we also got $16 million from fares and parking meters, a combination -- mostly due to our annual fare increases that we now have established a policy on and the fact that we are getting more money from parking meter because of our new technology. to offset the increase in revenue of $6 1 million we saw an increase in expenditures of $54 million and mostly in the personnel services and repairs and maintenance cost line items. so we change our from $7 million in the prior year. here is a picture of our bloa
the majority of it came from the general fund baseline, which you know, because the economy improved, we received additional general fund monies. and we also received significant more additional federal and state grants. those are our two largest increases in state revenue. we also got $16 million from fares and parking meters, a combination -- mostly due to our annual fare increases that we now have established a policy on and the fact that we are getting more money from parking meter because...
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Jan 17, 2013
01/13
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instead, they just happened to cross paths. 30-year-old humphrey kenneth gas economy of galt took his own life after shooting the officer. investigators say the reported burglary suspect was later identified as a relative of the property owner. >>> a funeral service is under way for an innocent bystander who died in a new year's day crash in san francisco. 26-year-old francisco gutierrez was killed while walking outside a liquor store on van nuys avenue. police say a speeder caused the crash while speeding away from officers. another bystander was also killed. he was in a car held by the suspect. >>> san jose police have released the sketch of a man who has a neighborhood on alert after he tried to snatch a child from her mother's arms. police say the three-year-old was playing with other children when the man approached and comment ed on how she looked. feeling uncomfortable, the mother picked up the girl, but the man tried to pull the toddler from her arms. >> when he knelt down, he grabbed my daughter by her feet. we were tugging at each other. and her bottoms were falling off, and
instead, they just happened to cross paths. 30-year-old humphrey kenneth gas economy of galt took his own life after shooting the officer. investigators say the reported burglary suspect was later identified as a relative of the property owner. >>> a funeral service is under way for an innocent bystander who died in a new year's day crash in san francisco. 26-year-old francisco gutierrez was killed while walking outside a liquor store on van nuys avenue. police say a speeder caused the...
SFGTV: San Francisco Government Television
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Jan 15, 2013
01/13
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line with the state law is something that will help with cash flow issues, especially during our tough economy. this is very inline with some of the legislation that supervisor chu has worked on in past to help make it easier for contractors working with our city. the second change, very basic also has to do with enforcement of this provision. so again, we're mimicking what state law did, which is that any contractor who does not pay their sub within seven calendar days, and we had a couple of stakeholder meetings not only with department folks, but contractors in the community. and some of them had voiced they would really like to see legislation that mirrors what the state does. they do [tpwho-rbgt/] just work not only in san francisco, but all over the area and would like to see some consistency with the various laws. the other thing we also want to recognize, i know mohammed has a task force and they are looking into prompt payment issues. so we also want to be cognizant there is that parallel process going on. they are working on, for example, systems to make it more transparent in terms
line with the state law is something that will help with cash flow issues, especially during our tough economy. this is very inline with some of the legislation that supervisor chu has worked on in past to help make it easier for contractors working with our city. the second change, very basic also has to do with enforcement of this provision. so again, we're mimicking what state law did, which is that any contractor who does not pay their sub within seven calendar days, and we had a couple of...
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Jan 15, 2013
01/13
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KTVU
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the concern is that if congress fails to act on the debt ceiling, the national economy could dip and that could likely have and i affect on california's budget numbers. >> the risk to our forecast numbers could come next month and that's what the federal government chooses to do or not to do regarding the debt ceiling. >> the budget released by governor jerry brown showed a budget surplus for the first time in many years. >>> right now it is 4:44 let's check in with sal on an early morning report on traffic. >>> good morning everybody, it is chilly, let's take a look at traffic on 880 westbound as you head to the mcarthur maze. if you are driving there, it is cold but visibility is good if you could think of the silverling. for most of the area, the bay bridge toll plaza looks good. if you are driving in downtown san jose it looks nice. 4:45 let's go to steve. >>> another cold one out there, i tell you this is a long stretch, 1990, 1997 and we had some very cold weather. it is really only two days. cold frosty conditions, there is frost and freeze warning out overnight lows anywhere
the concern is that if congress fails to act on the debt ceiling, the national economy could dip and that could likely have and i affect on california's budget numbers. >> the risk to our forecast numbers could come next month and that's what the federal government chooses to do or not to do regarding the debt ceiling. >> the budget released by governor jerry brown showed a budget surplus for the first time in many years. >>> right now it is 4:44 let's check in with sal on...
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Jan 15, 2013
01/13
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KNTV
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economy. the government will run out of tools to avoid defaulting on debt sometime in late february or early march. that would mean social security and other government benefit checks would stop going out. fed chairman ben bernanke is joining the cause saying the economy isn't out of the woods just yet from fiscal threats. back to you. >> thank you very much, seema. >>> let's check in with meteorologist christina loren as we kind of adjust the shot. >> everyone come in. lean in. i'm the queen. you'll have to do something to stay warm out there this morning. lean back if that's what it takes. 4:47. it is cold out there this morning. you're going to need all the winter gear you have in your closet. you could wear the snowboarding gear to work this morning if you wanted to. stay warm. i definitely brought my board and jacket in this morning. it's frigid out there. this is the last morning we expect the mid 20s. tomorrow we'll see more upper 20s and low 30s. this morning it is very cold. even cold
economy. the government will run out of tools to avoid defaulting on debt sometime in late february or early march. that would mean social security and other government benefit checks would stop going out. fed chairman ben bernanke is joining the cause saying the economy isn't out of the woods just yet from fiscal threats. back to you. >> thank you very much, seema. >>> let's check in with meteorologist christina loren as we kind of adjust the shot. >> everyone come in....
SFGTV: San Francisco Government Television
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Jan 14, 2013
01/13
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SFGTV
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matter is how we can put things into order in our household but definitely italy is a major stable solid economy, and once -- already there are signs of strong improvement. once this crisis is over we will definitely flex the muscles. please. >> [inaudible] are you planning show case any important architects and designers in this year of italian culture? >> definitely. i mean in san francisco there's a wonderful san francisco design week, so we will have an italian design week too. we are planning on an exhibition of cultural institute with major brands of interior design. there's also very nice thing that we're working on. a famous architect has designed the california academy of sciences, the wonderful building in golden gate park. he has also designed similar museum in italy in my city and the museum is almost finished there, and our ambition is to have him come over and celebrate at the academy, and also talk to young architects about the most sustainable ways to build this century. other questions? if there is no other question i thank you so much. thank our distinguished guest for being he
matter is how we can put things into order in our household but definitely italy is a major stable solid economy, and once -- already there are signs of strong improvement. once this crisis is over we will definitely flex the muscles. please. >> [inaudible] are you planning show case any important architects and designers in this year of italian culture? >> definitely. i mean in san francisco there's a wonderful san francisco design week, so we will have an italian design week too....
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Jan 14, 2013
01/13
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KTVU
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it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession and ironically would probably increase our deficit. so the united states america of two years its pills, that's ago, it would be -- i'm quoting speaker bohn er, it would be a financial disaster not only for us but for the worldwide economy. so we gotta pay our bills and republicans and congress have two choices, they can act responsibly and pay mesh a -- america's bills or they can act irresponsibly and put america through another economic crisis but they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly. time is running short. the last time republicans in congress even flirted with this idea, our aaa credit rating was downgraded. ironically, the whole fiasco actually added to the deficit. so it shouldn't be surp
it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession and ironically would probably increase our deficit. so the united states america of two years its pills, that's ago, it would be -- i'm quoting speaker bohn er, it would be a financial disaster not only for us but for the worldwide economy. so we gotta pay our bills and republicans and congress have two choices, they can act responsibly and pay mesh a -- america's bills or they can act...
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Jan 16, 2013
01/13
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KICU
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economy. the retail giant plans to hire more than 100,000 veterans over five years. wal-mart also says it'll buy $50 billion worth of american-made goods over ten years and help part-time workers who want more hours move to full time. >>> on wall streeshths stocks finished the day mixed. strong retail numbers boosd the dow, which rose by 27. nasdaq, though, lost six point way,ed down in large part by apple. the day was a dubous one for apple which closed below $500 a share for the first time in 11 months. apple is reportedly cutting its orders for iphone parts suggest sales are lacking. for the day apple dpe cliend about $15, more than 3%. >>> facebook took a page out of apple's play book today by inviting the media to a big announce. but as robert honda reports, the new product didn't quite live up to all the hype. >> news agencies from around the world came to facebook's mystery announcement today. founder and ceo mark suker burg unveiled graph search, an advanced search capability that will ultimately allow users to search the data base through their own friends'
economy. the retail giant plans to hire more than 100,000 veterans over five years. wal-mart also says it'll buy $50 billion worth of american-made goods over ten years and help part-time workers who want more hours move to full time. >>> on wall streeshths stocks finished the day mixed. strong retail numbers boosd the dow, which rose by 27. nasdaq, though, lost six point way,ed down in large part by apple. the day was a dubous one for apple which closed below $500 a share for the...
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Jan 15, 2013
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the improving economy and high gas prices are the primary reasons. bart says, it will need to increase the number of train- cars in the system to 1-thousand in order to meet the growing demand. >> another night of frosty temperatures around the bay area. jacqueline bennett is here now with a check of the forecast. >> jacqueline: pam, it is already cold. 39 degrees. along the coast, 39 in half moon bay and also some detail. 38 in pleasanton, livermore. clear skies. cold temperatures again tonight with widespread 30's. 20's are building through fairfield and the conditions will start to improve but still in with a lot of third degree readings. clear and cold with a frost advisories. the frosty windshield and icy roads. temperatures a bit warmer in fact, this warming trend will continue. >> pam: police and city leaders trying to make sense of a violent weekend in oakland. 15 people were shot. including five at a birthday party last night. sunday's shooting came. after four people were shot and killed friday. today, oakland city officials promising actio
the improving economy and high gas prices are the primary reasons. bart says, it will need to increase the number of train- cars in the system to 1-thousand in order to meet the growing demand. >> another night of frosty temperatures around the bay area. jacqueline bennett is here now with a check of the forecast. >> jacqueline: pam, it is already cold. 39 degrees. along the coast, 39 in half moon bay and also some detail. 38 in pleasanton, livermore. clear skies. cold temperatures...
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Jan 18, 2013
01/13
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all making investors more optimistic about the economy. on wall street. the dow soared 84-points to close just shy of 13- thousand-600. the nasdaq jumped up 18- points. and the s-and-p-500 gained eight points. to close at another five-year high. chav >> jacqueline: we did see some temperatures in the 50s and 60s. this unseasonably warm weather will continue for the weekend. temperatures are still chilly in some areas. 30's with upper 30's as we go towards the weekend. low 40's. for the afternoon highs, plenty of 60s. through the weekend and as we see this area of high pressure. it is well to the north. no rain for several days. this will stay intact for wednesday of next week. we will enjoy mild temperatures and still some areas that are chilly. santa rosa, in napa. 28 in fairfield. we could see freezing fog again. temperatures are going to certainly reflect that with concord, pleasanton. freezing, below freezing. take a look at the bay shores. nearly 40's. and for the south bay. 434 san francisco tomorrow morning. it will be warming up tomorrow, 43-4 san
all making investors more optimistic about the economy. on wall street. the dow soared 84-points to close just shy of 13- thousand-600. the nasdaq jumped up 18- points. and the s-and-p-500 gained eight points. to close at another five-year high. chav >> jacqueline: we did see some temperatures in the 50s and 60s. this unseasonably warm weather will continue for the weekend. temperatures are still chilly in some areas. 30's with upper 30's as we go towards the weekend. low 40's. for the...
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Jan 14, 2013
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. >> the recovering the economy and high gas prices are driving record riders ship on bart. >> but the increase in passengers could bring problems as the transit district does not act to increase its capacity and rejuvenate its aging infrastructure. >> bart riders it has increased 6% over last year of the agency only anticipated a rise of about 2%. >> bart officials say to handle growth without dismissing service it needs to, the agency needs to beef up orders new train cars and increase capacity of platforms at the busiest bart stations. >> many of the times by a $18 million over budget and the first year mayor ed lease administration. >> officials say overtime work more than double the salary of some in the employes, with one muni mechanic raking in an extra $160,000. >> employees say a lot of the overtime and for working to get many new train control system operating. >> overall, many as 22 of the city's top 25 overtime wage earners, far outpacing the usual leaders to work in police and fire. >> we now know, the lance the falcons will face off against the san francisco 49ers next su
. >> the recovering the economy and high gas prices are driving record riders ship on bart. >> but the increase in passengers could bring problems as the transit district does not act to increase its capacity and rejuvenate its aging infrastructure. >> bart riders it has increased 6% over last year of the agency only anticipated a rise of about 2%. >> bart officials say to handle growth without dismissing service it needs to, the agency needs to beef up orders new train...
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Jan 18, 2013
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all making investors more optimistic about the economy. >> here is a look at the closing numbers. the dow soared 84 points to close to shy of 13,600. the nasdaq jumped up 18 points. and the s&p 500 gained a point to close at another five year high. >> we will have more at the opening bell at 6:30 a.m.. >> toyota motor co. says, it has settled what is to be the first of hundreds of lawsuits claiming the deaths and injuries were caused by problems in toyota vehicles. >> the problems sudden an unintended acceleration in toyota vehicles. the company reached an agreement in the wrongful death case, brought by the family of paul van alfen. and charlene jones lloyd. >> there were killed when their toyota camry slammed into a wall in utah back in 2010. the van alfen case was to be the first of hundreds tried. >> yelp is going to start displaying health inspection information about restaurants, bars, and cafes on its review side. >> san francisco will be the first city in the country to post a new health stores are yelp. >> so how restaurantare restaurn san francisco reacting to the news t
all making investors more optimistic about the economy. >> here is a look at the closing numbers. the dow soared 84 points to close to shy of 13,600. the nasdaq jumped up 18 points. and the s&p 500 gained a point to close at another five year high. >> we will have more at the opening bell at 6:30 a.m.. >> toyota motor co. says, it has settled what is to be the first of hundreds of lawsuits claiming the deaths and injuries were caused by problems in toyota vehicles....
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Jan 15, 2013
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the economy very happy to hear that. we saw a better-than-expected rise in retail sales in december up .5% overall from the month of november. that was better than expected given all the stress regarding the "fiscal cliff" threats and when you lock at the best performing category cars and trucks, 1.6% up overall in 2012 the best year for auto sales since 2007. the numbers overall would have been even better if you strip out a 1.6% decline in the price of gas. now, when it comes to that decline in gas prices, that led to lower inflation on wholesale side of the equation. the producer price index fell two-tenths of a percent last month from the month before. overall, wholesale side inflation in 2012 up only 1.3%. that compared to a 4.7% inacross in 2011 falling gas prices certainly helping out at the end of the year. stock market coming off a mixed day and looking at a lower open this morning. continuing concern over techs including apple and iphone 5 demand in the holiday quarter. a look at the big board the dow is down 2
the economy very happy to hear that. we saw a better-than-expected rise in retail sales in december up .5% overall from the month of november. that was better than expected given all the stress regarding the "fiscal cliff" threats and when you lock at the best performing category cars and trucks, 1.6% up overall in 2012 the best year for auto sales since 2007. the numbers overall would have been even better if you strip out a 1.6% decline in the price of gas. now, when it comes to...
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Jan 17, 2013
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this is a big part of our economy. people feel more and wealthier when their home is doing well. >> let's talk about bowling. to this is dominating the headlines. we have already had japan ground their planes and now york. ethiopia is starting to the ground theirs as well. what is the situation with bowling? >> and boeing is one of those companies that is one of the greatest. they are almost like dale. this is a japanese battery maker and this seems to be the biggest problem. death a a burly cleared the plan is two months ago and worldwide regulators are ground the planes. i do not like this because there's too much of a chance of recalls. short- term, boeing is a risk. but they will not go out of business and the plane will figure out its problems. you probably wil >> thank you rob. we will be visiting with you a began talking about the winners and losers later. the >> we're taking a look at van ness ave. >> we have several spots in the upper 20s. it is clear conditions for most of us perry ed it is patchy frost and t
this is a big part of our economy. people feel more and wealthier when their home is doing well. >> let's talk about bowling. to this is dominating the headlines. we have already had japan ground their planes and now york. ethiopia is starting to the ground theirs as well. what is the situation with bowling? >> and boeing is one of those companies that is one of the greatest. they are almost like dale. this is a japanese battery maker and this seems to be the biggest problem. death...
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Jan 16, 2013
01/13
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economy including hiring veterans. they plan on hiring veterans, buying $50 billion worth of american made goods and helping part time workers transition into full time positions. >> facebook made its big announcement today and it wasn't quite as big as some people had hoped. robert handa is telling us about the new feature. >> reporter: the announcement there would be an announcement got the attention of literally the world today. the actual announcement here generated mixed feelings. news agencies from around the world came to facebook's mystery announcement today. founder and ceo mark zuckerberg unveiled graph search that will allow users to search the social network's database through their own friends post and help members zero in on other members who share interests. >> before having tools like this that was really just one half of the equation. people are going to have the ability to make these new connections. it's a new thing. >> reporter: tech analyst says it could help facebook and attract crucial advertisin
economy including hiring veterans. they plan on hiring veterans, buying $50 billion worth of american made goods and helping part time workers transition into full time positions. >> facebook made its big announcement today and it wasn't quite as big as some people had hoped. robert handa is telling us about the new feature. >> reporter: the announcement there would be an announcement got the attention of literally the world today. the actual announcement here generated mixed...
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Jan 16, 2013
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. >>> world bank says the ongoing crisis in washington poses a significant risk to the global economy. home builder confidence holding steady at a seven-year high. taking a live look at the big board. the dow is down 26. the nasdaq up 7. s&p is flat. >>> a chinese factory will start making one model of jeep. chrysler isn't saying which model it will be. but the vehicles made in china will be sold in that country. chrysler sold 50,000 suvs in champion last year. the jeeps will be made by a company that's already building fiats in china and fiat owns chrysler. >>> let's brick up up to date on some of the other top stories we're following for you. we're minutes away from hearing president obama's plan to reduce gun violence. the president will tell us what he wants from congress as ally el -- as well as the executive actions he's prepared to take on his own. the president is tu to speak at 8:55. ktvu will bring it to you live. we'll stream it live at ktvu.com. >>> well, the mayor of london says it's too early to know the exact cause of today's deadly helicopter crash right in the heart o
. >>> world bank says the ongoing crisis in washington poses a significant risk to the global economy. home builder confidence holding steady at a seven-year high. taking a live look at the big board. the dow is down 26. the nasdaq up 7. s&p is flat. >>> a chinese factory will start making one model of jeep. chrysler isn't saying which model it will be. but the vehicles made in china will be sold in that country. chrysler sold 50,000 suvs in champion last year. the jeeps...
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Jan 14, 2013
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economy. republicans will say that this white house, this president, had been unable to do those spending cuts that have been talked about for so long and that they need this leverage to be able to force this issue. so we are where we have been, at this standoff as you look live in the east room there, with the president about ready to come out and address reporters. jon: all right. here now, president obama for the final news conference of his first term. >> please have a seat, everybody. good morning. i thought it might make sense to take some questions this week as my first term comes to an end. it's been a busy and productive four years and i expect the same for the next four years. i intend to carry out the agenda that i campaigned on, an agenda for new jobs, new opportunity, and new security for the middle class. now right now our economy is growing, and our businesses are creating new jobs. so we are poised for a good year, if we make smart decisions and sound investments, and as long a
economy. republicans will say that this white house, this president, had been unable to do those spending cuts that have been talked about for so long and that they need this leverage to be able to force this issue. so we are where we have been, at this standoff as you look live in the east room there, with the president about ready to come out and address reporters. jon: all right. here now, president obama for the final news conference of his first term. >> please have a seat,...
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Jan 18, 2013
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asian stocks rallied on news that china's economy grew at nearly 8% in the 4th quarter. tokyo's nikkei shot up nearly 3% while hong kong's hang seng added 1%. >>> wall street stocks finished higher yesterday due in part to falling jobless claims and better-than-expected housing starts. the dow was up 84 points on thursday while the nasdaq rose 18 points. >>> and american airlines has a new look. the red, white and blue stripes along the fuselage are gone. now american planes will be all silver and sport a new logo, red and blue horizontal bars on the tail. american said after 40iers it was time to update its look. the airline says within five years, all of its planes will be switched over to the new look. definitely a more sleek look for them. >> do you like it? >> reporter: i'm not good for change. >> i think it looks better. >> wonder who has to pay for it. the passengers. >> reporter: that's a question on everyone's mind right now i think. >> speaking of change, apparently atms are going to be changing. >> reporter: yes. chase and pnc bank are switching to atms that w
asian stocks rallied on news that china's economy grew at nearly 8% in the 4th quarter. tokyo's nikkei shot up nearly 3% while hong kong's hang seng added 1%. >>> wall street stocks finished higher yesterday due in part to falling jobless claims and better-than-expected housing starts. the dow was up 84 points on thursday while the nasdaq rose 18 points. >>> and american airlines has a new look. the red, white and blue stripes along the fuselage are gone. now american planes...
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Jan 18, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] the exclusive air suspension in the 2013 ram 1500. ♪ engineered to move heaven and earth. ♪ guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. >>> let's check in with anderson cooper, a look at what's coming up ahead on "a.c. 360." a big interview with mayor bloomberg. >> talking about guns. also, of course, we're following the story of manti te'o, as just about everybody is. it keeps getting weirder. we'll have the latest on the notre dame football star, the shocking story of his fake girlfriend. as you know, he was the victim of a hoax. so why did he still talk about her even after he knew she was a fraud and why didn't notre dame come clean. we're keeping 'em honest. mayo
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] the exclusive air suspension in the 2013 ram 1500. ♪ engineered to move heaven and earth. ♪ guts. glory. ram. the new ram 1500. motor...
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Jan 18, 2013
01/13
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KNTV
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this sunday on "press: here" we'll examine what robots mean for the world economy. we sent factory jobs overseas. those jobs could come back to america and made by robots. one of the world's experts on technology and manufacturing from m.i.t. will be my guest this week. this could be a game changer in world politics. for about the last ten years we've been giving developing economies like china and india a taste of capitalism and growing standard of living. we're this close to taking the jobs away. the moment robots become cheaper to operate than people, what will happen with china when all those people lost their jobs? they're our biggest bank. i understand that we do have nbc. let's check in with whoever it is this morning. seema mody. good morning. >> it's me. hello. good morning. futures are mixed this morning after markets overseas specifically in japan rallied overnight. the nikkei moving higher after they said remarks on the yen were misinterpreted. intel reported disappointed earnings last night. stocks rose thursday on numbers with unemployment and housing
this sunday on "press: here" we'll examine what robots mean for the world economy. we sent factory jobs overseas. those jobs could come back to america and made by robots. one of the world's experts on technology and manufacturing from m.i.t. will be my guest this week. this could be a game changer in world politics. for about the last ten years we've been giving developing economies like china and india a taste of capitalism and growing standard of living. we're this close to taking...
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Jan 18, 2013
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i'm just -- i'm just a victim of the economy. >> reporter: but the tenants say they are the real victims in this case. in san francisco, i'm da lin, cbs 5. >>> let's check out mobile5 at the ferry building in san francisco tonight. ken bastida on plans to bring back something missing from this popular landmark. ken. >> reporter: yeah. hi, grace. well, if you look up at the ferry building tonight, you see it's bathed in this red glow. that of course is to honor the san francisco 49ers and their championship game this weekend. but in the coming weeks, probably two weeks, they are going to be adding something that's been missing for the past six months. the chimes on the clock. remember how it used to go off at the top of the hour and bottom of the hour? well, they are going to add that back in. and a port worker says people are complaining. they want to know where the chimes are. he says it's part of history and they're bringing it back. >> i think it's a piece of port history that, you know, the chinas have been around. you can't really have a clock without i guess the entire aura of what
i'm just -- i'm just a victim of the economy. >> reporter: but the tenants say they are the real victims in this case. in san francisco, i'm da lin, cbs 5. >>> let's check out mobile5 at the ferry building in san francisco tonight. ken bastida on plans to bring back something missing from this popular landmark. ken. >> reporter: yeah. hi, grace. well, if you look up at the ferry building tonight, you see it's bathed in this red glow. that of course is to honor the san...
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Jan 14, 2013
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we're becoming disfigured in a sense, our economy is, because congress is so far behind in the game. >> we don't even know our colleagues in congress out of 435. so this gives us a chance. no labels gives us that venue to sit down and have meaningful conversation. >> so far, 25 members of congress have signed on to quit the finger-pointing and focus on solutions. former governor huntsman says he hopes to get at least 50 more. >>> there were protests all across the u.s. this weekend to mark the 11th anniversary of a prison. human rights groups are demanding be shut down. ktvu's christien kafton talked with those opposed to the camp at guantanamo bay, who say they are disappointed with the president. >> reporter: protesters say their aim today here in san francisco was to raise awareness about the prisoners still left at guantanamo bay detention camp. so they walked back and forth across the golden gate bridge, then read the names of the detainees, one by one. >> reporter: code pink demonstrators, some in orange jump suits and black hoods, marched from both ends of the golden gate brid
we're becoming disfigured in a sense, our economy is, because congress is so far behind in the game. >> we don't even know our colleagues in congress out of 435. so this gives us a chance. no labels gives us that venue to sit down and have meaningful conversation. >> so far, 25 members of congress have signed on to quit the finger-pointing and focus on solutions. former governor huntsman says he hopes to get at least 50 more. >>> there were protests all across the u.s. this...
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Jan 20, 2013
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s he has fought to protect the economy. and he is expected to return to california next month. >>> some scary moments for people at three separate gun shows yesterday. here in raleigh, north carolina, a shotgun accidentally fired. he brought it to the gun show to sell s and he didn't unload the ammunition. another man shot himself in the hand. in medina, ohio, the handgun he was checking was loaded when he pulled the trigger and it was discharged. it wounded a bystander in the arm and leg. >>> hundreds of gun activists protested at the capital. ♪ >> the event was one of several pro gun protests nationwide. many of the activists say ban on proposed weapons and high clips are a way to chip away at the second amendment right. they spiked 60% in two years. the press democrat reports firearms dealers in sonoma county sold 700 guns a day. this came touring a crop in crime. >>> no money will be handed out at marin county. because the program ran out of cash. 300 were turned in last week. they gave them the allotted money and the
s he has fought to protect the economy. and he is expected to return to california next month. >>> some scary moments for people at three separate gun shows yesterday. here in raleigh, north carolina, a shotgun accidentally fired. he brought it to the gun show to sell s and he didn't unload the ammunition. another man shot himself in the hand. in medina, ohio, the handgun he was checking was loaded when he pulled the trigger and it was discharged. it wounded a bystander in the arm and...
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Jan 15, 2013
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certainly little refuting the failure to raise the debt ceiling would send shock waves through the economy both national and global. that being said, president obama only fanned the flames today painting a picture of government catastrophe based on the facts seems a bit trumped up. >> ladies and gentlemen, the president of the united states. >> reporter: in the first press conference of his second term, president obama wasted little time scaring the day lights out of millions of americans who rely on government paychecks for one service or another, of the consequences of a u.s. default. >> may not be able to pay our troops or honor our contracts with small business owners. food inspectors, air traffic controllers, specialists who track down nuclear materials wouldn't get their paychecks. >> reporter: the president's statement is speculative and not true because, frankly, no one knows what programs will be short changed if the u.s. can't meet its payment obligations. it's never happened before. but here is what we do know courtesy of the bipartisan policy center. if congress fails to raise
certainly little refuting the failure to raise the debt ceiling would send shock waves through the economy both national and global. that being said, president obama only fanned the flames today painting a picture of government catastrophe based on the facts seems a bit trumped up. >> ladies and gentlemen, the president of the united states. >> reporter: in the first press conference of his second term, president obama wasted little time scaring the day lights out of millions of...
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Jan 20, 2013
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. >> just felt like the economy was starting to turn. and at the same time, the interest rates were ticking lower and lower. and that created a sense of urgency. >> reporter: they are hardly alone. at this development east of los angeles, sales have tripled over the last year. they're now selling homes faster than they can build them. >> this community is hopping. there's a lot of activity. >> reporter: real estate agent rose says it's a stark contrast to the scene here five years ago when the real estate boom went bust. >> there was a period where it was like a ghost town. >> a really good word for it. desolate. i did a lot of short sales and helped a lot of people move out of their dream homes and had nowhere to put them. >> reporter: and now the opposite? >> absolutely. now we're seeing it come full circle. >> reporter: and then some. >> the master bedroom. >> reporter: they haven't even furnished their four bedroom home with a view, but they have been approached by people asking -- >> are you interested in selling. i go, tough talk t
. >> just felt like the economy was starting to turn. and at the same time, the interest rates were ticking lower and lower. and that created a sense of urgency. >> reporter: they are hardly alone. at this development east of los angeles, sales have tripled over the last year. they're now selling homes faster than they can build them. >> this community is hopping. there's a lot of activity. >> reporter: real estate agent rose says it's a stark contrast to the scene here...
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Jan 17, 2013
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horse meat poses no danger to public health but the public relations fallout threatens ireland's rural economy. >>> 8:49. new this morning, cycling star lance armstrong was just stripped of a bronze olympic medal by the olympic committee. he won a bronze medal during the 2000 summer games in australia. for more than ten years, he strongly denied using performance-enhancing drugs. but armstrong fine lip comes clean in a tv interview with oprah that will be broadcast tonight. >>> back here at home the martin luther king, junior festival begins next month for students in oakland schools. students in all grades are eligible to be part of this. they will be competing in several categories, including famous speeches, original poetry and dramatic skits. the deadline to get involved is next friday. winners from the preliminary round, they will be invited to the finals in march. >>> ten minutes before 9:00. >>> playoff fever sweeping the bay area. how the 49er faithful are showing their unwavering support. >>> good morning. if you are driving in certain east bay commutes, definitely not over. we'll tel
horse meat poses no danger to public health but the public relations fallout threatens ireland's rural economy. >>> 8:49. new this morning, cycling star lance armstrong was just stripped of a bronze olympic medal by the olympic committee. he won a bronze medal during the 2000 summer games in australia. for more than ten years, he strongly denied using performance-enhancing drugs. but armstrong fine lip comes clean in a tv interview with oprah that will be broadcast tonight....
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Jan 17, 2013
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economy and japan nikkei was up only slightly and they look to the yen as a good sign for exports. trading yesterday, the dow jones industrial average started today at 13511 and right now it looks like a little bit of a higher opening across the board for all three major index. apple gained more than 4% closed at $500 a share boosting the nasdaq. apple's stock is down 28% from its all-time high last september but the cupertino based company remains worth $471 billion and right now it looks like it will trade up to $2 a share this morning. >>> on the bay area, movies about steve jobs and they are about to premier. >>> a great white shark encounter caught on tape by some nervous fishermen, how long it stuck around their boat. >>> and plus you can get the morning's top stories while you are sleeping send straight to your cell phone at 6:00 a.m. text the word wake up by 70123. iyin)Ñ)ogóçÑóçíç'Ñy?oo . >>> two australian fishermen had a good look at a great white. they were fishing when this big guy circled their boat bouncing along the side of their boat even putting its nose
economy and japan nikkei was up only slightly and they look to the yen as a good sign for exports. trading yesterday, the dow jones industrial average started today at 13511 and right now it looks like a little bit of a higher opening across the board for all three major index. apple gained more than 4% closed at $500 a share boosting the nasdaq. apple's stock is down 28% from its all-time high last september but the cupertino based company remains worth $471 billion and right now it looks like...
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Jan 15, 2013
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the concern is that if congress doesn't act on the debt ceiling, the national economy could dip and that would likely have a negative effect on california's budget numbers. push >> the biggest risk to our forecast or the analysts' forecasts could come next month and that's from washington, d.c. >> the 2013 budget release by governor brown showed a surplus for the first time in many years and that was thanks to new tax revenue from proposition 30 as well as spending cuts. >>> oakland police investigating a shooting that seriously injured one man. it happened about 8:00 last night on crest avenue. neighbors say they heard about 30 rounds from what sounded likes an automatic assault rifle. the victim ran. he was taken to the hospital in critical but stable condition. so far no arrests have been made. >>> well, oakland's police chief and the mayor, they are working now to stop the surge in violence. 11 people were wounded in shootings over the weekend, six people have been killed so far this year. the police are blaming a lot of the violence on a feud between rival gangs. it started when a y
the concern is that if congress doesn't act on the debt ceiling, the national economy could dip and that would likely have a negative effect on california's budget numbers. push >> the biggest risk to our forecast or the analysts' forecasts could come next month and that's from washington, d.c. >> the 2013 budget release by governor brown showed a surplus for the first time in many years and that was thanks to new tax revenue from proposition 30 as well as spending cuts....
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Jan 15, 2013
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a couple years ago when the economy was really fragile, one of the ways to stimulate the economy was to lower the payroll tax for employees. so it went from 6.2% of your earnings down to 4.2%. that was awesome. it helped you get a little bit more money in your paycheck right? unfortunately, sadly now we're back at 6.2%. it was not extended as part of the fiscal cliff negotiations. >> it's interesting the footlocker chief executive, ken hicks, said that this payroll tax increase actually takes money out of the pockets of consumers. and so how do you think in general, what are economists saying about how it may affect consumer spending? >> a lot of the economists i talk to all the time were up in arms about this because they think that this payroll tax cut was a great form of stimulus. and now the resumption of that 6.2% number means we're probably going shave about a half a percent off our growth rate this year. you think, oh a half a percent, not a big deal. we're only growing by 2% a year so it is a big deal. >> in the beginning when you said between $18 and $20 less a week, it does
a couple years ago when the economy was really fragile, one of the ways to stimulate the economy was to lower the payroll tax for employees. so it went from 6.2% of your earnings down to 4.2%. that was awesome. it helped you get a little bit more money in your paycheck right? unfortunately, sadly now we're back at 6.2%. it was not extended as part of the fiscal cliff negotiations. >> it's interesting the footlocker chief executive, ken hicks, said that this payroll tax increase actually...